UAL - Delta Air Lines Stock Soars Over 50% In Under 6 Months - Can It Fly Higher? | Benzinga
Delta Air Lines, Inc. (NYSE:DAL) stock was trading higher on Wednesday morning before dipping with the broader market. The company reported better-than-expected Q1 earnings, delivering a 25% surprise on earnings and a 9.39% surprise on revenue.
We covered the Q1 earnings here: Delta Air Lines Sets Growth Trajectory, Prioritizes Debt Reduction After Strong Q1
Delta stock was trading at $30 a share at the end of October 2023. It’s now around $48 a share – that’s a gain of over 50% in less than 6 months. So far this year, the stock is up 17%.
While the stock has provided substantial returns over the past six months, investors of Delta Air Lines stock are always keen to know whether there’s room to run further.
Let’s look at how the stock is positioned on the technical charts, and what analysts have ...